HSBC changes
Pick any two versions below to diff them.
- Price
- $85.42 → $90.20(+5.6%)
- Discount category
- Well below intrinsic value → Below intrinsic value
- Recent events
- added: Nov 6, 2026: HSBC priced a $1.5 billion offer of 7.625% perpetual subordinated contingent convertible securities, with an issue date of November 13, 2026. On November 5, HSBC also started a cash tender offer for its $3.0 billion of 6.000% perpetual subordinated contingent convertible securities, which are callable on May 22, 2027. On November 6, it raised the maximum amount that it will buy from $1.0 billion to $1.5 billion. Oct 27, 2026: HSBC reported 3Q26 results. Profit before tax rose $2.3 billion, or 32%, to $9.6 billion, mainly because large legal provisions in 3Q25 did not repeat. Revenue rose $0.8 billion to $18.6 billion, and the return on tangible equity was 17.7%. The CET1 ratio fell to 13.9%. HSBC declared a third interim dividend of $0.10 per share and announced a share buyback of up to $1 billion. It kept its 2026 guidance and its targets to 2028. Sep 10, 2026: HSBC announced that Group CFO Pam Kaur will leave the CFO role in 2027 and take an advisory role. The Board started a search for her successor. Aug 4, 2026: HSBC reported 2026 interim results. Profit before tax rose 23% to $19.5 billion in the first half. HSBC raised its 2026 banking net interest income guidance to at least $46 billion. Jul 31, 2026: HSBC agreed to sell its AUD36 billion portfolio of Australian home and personal loans to an entity owned by funds managed by Blackstone affiliates, and to wind down the rest of its retail business in Australia over 18 months. It expects about $0.3 billion of restructuring costs and write-offs. Jul 24, 2026: HSBC agreed to sell HSBC Life (Singapore) to Allianz for S$2.7 billion. It expects a pre-tax gain of $1.8 billion and completion in the first half of 2027. Feb 25, 2026: HSBC reported 2025 results and set new targets: a return on tangible equity of 17% or better, without notable items, for 2026, 2027 and 2028, and a dividend payout ratio of 50%. Jan 26, 2026: HSBC completed the privatisation of Hang Seng Bank, which is now a wholly owned subsidiary. HSBC expects $0.5 billion of yearly revenue and cost synergies by the end of 2028. The deal lowered the CET1 ratio by about 110 basis points in January 2026.